NL Industries (NL) Upgraded to “Hold” at ValuEngine

NL Industries (NYSE:NL) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Friday.

NL Industries opened at $9.50 on Friday, MarketBeat reports. The stock has a market cap of $353.18 million, a PE ratio of 4.19 and a beta of 2.96. NL Industries has a 1-year low of $7.40 and a 1-year high of $7.40.

NL Industries (NYSE:NL) last posted its earnings results on Tuesday, May 8th. The basic materials company reported $0.29 earnings per share for the quarter. The company had revenue of $28.40 million during the quarter. NL Industries had a net margin of 110.31% and a return on equity of 27.35%.

Institutional investors have recently bought and sold shares of the company. Element Capital Management LLC purchased a new stake in NL Industries in the first quarter worth about $100,000. Barclays PLC lifted its holdings in NL Industries by 1,924.0% in the first quarter. Barclays PLC now owns 30,947 shares of the basic materials company’s stock worth $243,000 after buying an additional 29,418 shares during the period. Citadel Advisors LLC purchased a new stake in NL Industries in the first quarter worth about $175,000. Dimensional Fund Advisors LP lifted its holdings in NL Industries by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,432,131 shares of the basic materials company’s stock worth $19,092,000 after buying an additional 37,894 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its holdings in NL Industries by 74.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 21,461 shares of the basic materials company’s stock worth $168,000 after buying an additional 9,167 shares during the period. Institutional investors own 10.64% of the company’s stock.

NL Industries Company Profile

NL Industries, Inc, through its subsidiary, CompX International Inc, operates in the component products industry in the United States and internationally. The company manufactures and sells mechanical and electronic cabinet locks, and other locking mechanisms, including disc tumbler locks, pin tumbler locking mechanisms, and CompX eLock and Stealthlock electronic locks for use in various applications, such as ignition systems, mailboxes, file cabinets, desk drawers, tool storage cabinets, vending and gaming machines, high security medical cabinetry, electronic circuit panels, storage compartments, and gas station security.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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